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Dec 27, 2012
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if we go over the cliff will it be a couple weeks before they reach a deal? will they be able to mate it retroactive? will they go a few more weeks? president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up no doubt we'll go into recession. >> right. david: there will be less spending. producers have less money to hire people. everybody will keep all their money in their pockets. >> short term you overlook the damage done to the military about the so-called sequestration, that reduction in overall spending will have a little bit of good impact. but there is no question, we're following the path europe followed, japan followed, raising taxes in the face of wobbly economy. we haven't done anything like this on scale since early 1930's. david: even the president admitted not t
if we go over the cliff will it be a couple weeks before they reach a deal? will they be able to mate it retroactive? will they go a few more weeks? president obama feeling strong hand he can browbeat the republicans and make them crawling back is what i think he can do right now? it in terms of the revenue even if he got his way it is five cents on the dollar. david: we'll talk about that in a second. i want to squeeze you on this there are a lot of economists who say yes, if all taxes go up...
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Dec 24, 2012
12/12
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well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a budget-- >> if the rates go up and another 20 billion, if you get rid of deductions, but he's increased spending 800 billion dollars a year. >> and to say that 70 to 80 billion in a budget that's 900 billion to a tral over budget. so doesn't add up. where does the other 930, 920 billion where is it going to come from? >> which is why, shibani, a lot of people say, maybe he wants to go over the fiscal cliff because he cares about maintaining that level of spending. he doesn't want to decrease spending, he wants to keep it where it is and the only way he's going to get that kind of money is by hitting eve
well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a...
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Dec 27, 2012
12/12
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with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal cliff se
with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their...
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Dec 27, 2012
12/12
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pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ lou: more red tape. the associated press reported the obama administration iss quietly rolling out dozens of major new regulations now that the election and campaign scrutiny is over as if it were ever very powerful. the rules cover everything from greenhouse gas emissions to oil drilling ini wall street.et one of the more controversial provisions requiring all new cars to have bloc black boxes recording what caused the crash but privacy advocates argue itu is intrusive technology and it is likely toe abused. one of the government agencies that has earned a reputation fot abuse is the obamause administration epa. now suing the epa accusing it o repertory overreaching its efforts to control sentiments build up from a creek in fairfam county.f fox news correspondent now live in washington with the report. >> preventing an enormous amount of development just with this one regulation. >> environmental protectionv agen's's plan to regulate a single break in the commonwealt to cost state and county officials n
pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ lou: more red tape. the associated press reported the obama administration iss quietly rolling out dozens of major new regulations now that the election and campaign scrutiny is over as if it were ever very powerful. the rules cover everything from greenhouse gas emissions to oil drilling ini wall street.et one of the more controversial provisions requiring all new cars to have bloc black boxes recording what caused...
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119
Dec 28, 2012
12/12
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president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fift
president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get...
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Dec 28, 2012
12/12
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>> republicans anticipating or expecting president obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday. they will take a vote sunday night on another piece of legislation. the senate has been working on other legislation, not related to the fiscal cliff, and that has some folks in washington speculating this afternoon's meeting in the white house is nothing but show. the one senior democrat says it is a serious effort. >> well, this is not for show, but a last ditch effort by the president to bring the congressional leaders together to try to get at least a small package, small deal together before the new year to avoid some of the tax parts of the fiscal cliff and the deal with some of the unemployment issues. >> now, that deal, the small deal that the congressman is talking about, speculation perhaps that includes a tax rate tax increase for families earning $500,000 a year, mid way point almost between what democrats and republicans had
>> republicans anticipating or expecting president obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday. they will take a vote sunday night on another piece of legislation. the senate has been working on other legislation, not related to the fiscal cliff, and that has some folks in washington speculating this afternoon's meeting in the white...
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Dec 26, 2012
12/12
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president obama cutting short his vacation with time running out for a deal. chris: one bright spot in this negativity, housing. home prices up in most major cities. shiboni: top of the hour. stocks every 15 minutes. nicole petallides on the floor of the stock exchange. wall street also souring on a mention of this deal . carolyn: on the tour before the with half-day of trading, stock market closed at 1:00 eastern time. it was quite evident, let's call a spade a spade, up one day before christmas they're not doing anything. certainly doesn't look like they will get done quickly and even proposed it may move right into the middle of january and figure out a way to extend and get that done at that point. the fiscal cliff remains, the woes remain, the worry and uncertainty remain on wall street which makes it hard for wall street to take off. it leave the wild card and that is not a good thing for the stock market. today is a lighter day of trading. we have a long weekend, the first is another day off. the dow jones industrials are 13,106 so dropped 0.4% and can
president obama cutting short his vacation with time running out for a deal. chris: one bright spot in this negativity, housing. home prices up in most major cities. shiboni: top of the hour. stocks every 15 minutes. nicole petallides on the floor of the stock exchange. wall street also souring on a mention of this deal . carolyn: on the tour before the with half-day of trading, stock market closed at 1:00 eastern time. it was quite evident, let's call a spade a spade, up one day before...